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2023
Flag → Flag
Exports $143MRnk 51 / 197
2023
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Top Product $21.7MCars
2023
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Exports $96.9MRnk 19 / 159
2023
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Top Product $43.4MFootwear Parts
2023
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Economic Complexity (ECI) ECI 1.35Rnk 15 / 132
2023
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Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
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GDP$133BCURRENT US$
Rnk 61 / 195
2013-2023
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GDP GROWTH34.1%CURRENT US$
Rnk 104 / 195
2023
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 GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
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GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
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GDP PC $24,491CURRENT US$
Rnk 51 / 195
2013-2023
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GDP PC GROWTH33.7%CURRENT US$
Rnk 71 / 195
2023
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GDP PC$8,639CURRENT US$
Rnk 91 / 196
2013-2023
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GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195

About

Slovakia-Bosnia and Herzegovina Trade: In 2023, Slovakia exported $143M to Bosnia and Herzegovina. The main products that Slovakia exported to Bosnia and Herzegovina were Cars ($21.7M), Refined Petroleum ($13.1M), and Rubber Tires ($4.36M). Over the past 5 years the exports of Slovakia to Bosnia and Herzegovina have increased at an annualized rate of 7.1%, from $101M in 2018 to $143M in 2023.

In 2023, Slovakia did not export any services to Bosnia and Herzegovina.

Bosnia and Herzegovina-Slovakia Trade: In 2023, Bosnia and Herzegovina exported $96.9M to Slovakia. The main products that Bosnia and Herzegovina exported to Slovakia were Footwear Parts ($43.4M), Tissue ($9.73M), and Motor vehicles; parts and accessories (8701 to 8705) ($7.73M). Over the past 5 years the exports of Bosnia and Herzegovina to Slovakia have decreased at an annualized rate of 2.75%,  from $111M in 2018 to $96.9M in 2023.

In 2019, Bosnia and Herzegovina exported services to Slovakia worth $9.4M, with Transportation ($5.15M), Travel ($4.14M), and Communications services ($112k) being the largest in terms of value.

Comparison: In 2023,  Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B). That same year, Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Slovakia exported $143M to Bosnia and Herzegovina. The main products exported from Slovakia to Bosnia and Herzegovina were Cars ($21.7M), Refined Petroleum ($13.1M), and Rubber Tires ($4.36M). During the last 5 years the exports of Slovakia to Bosnia and Herzegovina have increased at an annualized rate of 7.1%, from $101M in 2018 to $143M in 2023.

In 2018, Bosnia and Herzegovina exported $96.9M to Slovakia. The main products exported from Bosnia and Herzegovina to Slovakia were Footwear Parts ($43.4M), Tissue ($9.73M), and Motor vehicles; parts and accessories (8701 to 8705) ($7.73M). During the last 5 years the exports of Bosnia and Herzegovina to Slovakia have decreased at an annualized rate of 2.75%, from $111M in 2023 to $96.9M in 2018.

Exports from Slovakia (Flag) to Bosnia and Herzegovina (Flag) (2023)

Exports from Bosnia and Herzegovina (Flag) to Slovakia (Flag) (2023)

Latest Data

Trade between Slovakia (Flag) and Bosnia and Herzegovina (Flag)

Slovakia Exports

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Slovakia
Top DestinationGermany$21.5B
Bosnia and Herzegovina
Top DestinationGermany$1.48B

This map shows whether countries import more from Slovakia or Bosnia and Herzegovina. Each country is colored based on the difference in imports they receive from Slovakia and Bosnia and Herzegovina or the difference in the growth in imports.

In 2023, countries that imported more from Slovakia than Bosnia and Herzegovina included Germany ($21.5B), Czechia ($11.1B), and Hungary ($7.34B).

In 2023, countries that imported more from Bosnia and Herzegovina than Slovakia included Serbia ($1.18B), Croatia ($1.39B), and Montenegro ($283M).

Difference in imports from Bosnia and Herzegovina (Flag) and Slovakia (Flag) (2023)

Comparative Advantage Slovakia - Bosnia and Herzegovina

Flow
Scale

This chart compares trade between Slovakia and Bosnia and Herzegovina by product, considering products traded by both, Slovakia and Bosnia and Herzegovina.

During 2023, Slovakia had a large net trade with Bosnia and Herzegovina in the exports of Transportation ($26.6M), Metals ($20.4M), and Machines ($18.5M).

During 2018, Bosnia and Herzegovina had a large net trade with Slovakia in the exports of Footwear and Headwear ($44.4M), Paper Goods ($15.2M), and Transportation ($7.79M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovakia Bosnia and Herzegovina+$16.1MCars
Top Product Potential Bosnia and Herzegovina Slovakia+$5.45MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2019, Bosnia and Herzegovina exported services to Slovakia worth $9.4M, with Transportation ($5.15M), Travel ($4.14M), and Communications services ($112k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bosnia and Herzegovina (Flag) to Slovakia (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Slovakia and Bosnia and Herzegovina. This means that a dot/product with the flag of Slovakia indicates it has a comparative advantage over Bosnia and Herzegovina. Similarly, a dot/product with the flag of Bosnia and Herzegovina indicates it has a comparative advantage over Slovakia.

Product Space of Slovakia (Flag) and Bosnia and Herzegovina (Flag) (2023)

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